Investment Summary

aPriori Capital Partners, Quadrangle Group, Providence Equity Partners and TPG Exits MGM

On November 3, 2010, invested in media company MGM from aPriori Capital Partners, Quadrangle Group, Providence Equity Partners and TPG

Investment Highlights
  • This is transaction in the Media sector.
  • This is transaction in the United States.
  • This is transaction in California.
Investment Fate
  • MGM was sold to a strategic buyer in 2021 for 8.5B USD.

Investment Summary

Date 2010-11-03
Target MGM
Sector Media
Sellers(s) aPriori Capital Partners
Quadrangle Group
Providence Equity Partners
TPG
Deal Type Bankruptcy

Target

MGM

Beverly Hills, California, United States
MGM is an entertainment company focused on the production and global distribution of film and television content across all platforms. The company owns one of the world’s deepest libraries of premium film and television content.

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Seller(S) 4

SELLER

aPriori Capital Partners

Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

aPriori Capital Partners (formerly DLJ Merchant Banking Partners) is a middle-market private equity firm focused on middle-market buyouts in the US and Europe. Sectors of interest include healthcare, retail, consumer, energy, business services, and industrial. aPriori was originally established in 1985 and has offices in New York and Los Angeles.


DEAL STATS #
Overall 29 of 51
Sector: Media M&A 2 of 2
Type: Bankruptcy M&A Deals 1 of 1
State: California M&A 7 of 7
Country: United States M&A 24 of 38
Year: 2010 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-28 Frontier Drilling ASA

Houston, Texas, United States

Frontier Drilling ASA is an oil field services company focused on consolidating the niche market of conventionally moored drillships. The company also participates in the deepwater drilling and production market.

Sell $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-10 Enduring Resources

Denver, Colorado, United States

Enduring Resources LLC acquires, exploits, explores for and develops natural gas and oil in the Rocky Mountain and Mid-Continent regions of the U.S.

Sell -
SELLER

Quadrangle Group

New York, New York, United States

Category Private Equity Firm
Founded 2000
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quadrangle Group is a specialist private equity firm focused on the information and communications technology services sectors. Quadrangle was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 13 of 20
Sector: Media M&A 4 of 6
Type: Bankruptcy M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 12 of 16
Year: 2010 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-14 Mobilicity

Vaughan, Ontario, Canada

Mobilicity is the go-to-market brand name of DAVE Holdings' wireless service that intends to launch service in Canada. Dave Holdings, Inc. owns spectrum in 10 of Canada’s 13 largest metropolitan markets covering 16.1 million people. Dave Holdings, Inc. was founded to acquire AWS spectrum in an auction designed to promote new entry and increase competition in the Canadian wireless market.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-14 Bresnan Communications

Purchase, New York, United States

Bresnan Communications LLC operates cable television systems serving approximately 300,000 basic subscribers in Montana, Wyoming, Colorado and Utah. Bresnan delivers advanced products and services such as high-speed Internet access, high-definition television, video-on-demand and telephone to residential and business customers across an upgraded network.

Sell $1.4B
SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 38.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 21 of 102
Sector: Media M&A 7 of 23
Type: Bankruptcy M&A Deals 2 of 6
State: California M&A 3 of 7
Country: United States M&A 13 of 69
Year: 2010 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-01 Study Group

Brighton, United Kingdom

Study Group is a provider of university access and preparation programs and English language courses to international students, as well as a provider of vocational courses mainly to Australian students. The company has a presence in Australia, New Zealand and the U.S. Study Group is based in Brighton, United Kingdom.

Buy AU$660M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-14 Bresnan Communications

Purchase, New York, United States

Bresnan Communications LLC operates cable television systems serving approximately 300,000 basic subscribers in Montana, Wyoming, Colorado and Utah. Bresnan delivers advanced products and services such as high-speed Internet access, high-definition television, video-on-demand and telephone to residential and business customers across an upgraded network.

Sell $1.4B
SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 70 of 278
Sector: Media M&A 1 of 6
Type: Bankruptcy M&A Deals 7 of 20
State: California M&A 18 of 64
Country: United States M&A 52 of 200
Year: 2010 M&A 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-19 Sisulan Sports

Quanzhou, China

Sisulan Sports designs develop, manufacture, and markets stylish casual sportswear in China under the Sisulan brand. Sisulan is a national brand of stylish casual sportswear, with relative strength in the second-and third-tier provinces. Products range from apparel, footwear to accessories.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-08 Avon Products

Tokyo, Japan

Avon Products is a global manufacturer and marketer of beauty and related products. Its products fall into three product categories: beauty, fashion, and home. Beauty consists of color cosmetics, fragrances, skincare, and personal care.

Buy -